$MERL USDT EXPLOSIVE RALLY NEAR RESISTANCE — BULLISH MOMENTUM EYES BREAKOUT 🚀

Price action shows strong bullish momentum after a sharp +26% move, pushing close to the 24h high. The trend is clearly upward with higher highs and sustained buying volume. However, price is now testing a key resistance zone near 0.0449–0.0461, where a breakout could trigger continuation, while rejection may lead to a short-term pullback before the next leg up.

Trade Setup: Long 📈

Entry: On breakout above 0.0450 resistance or retest of 0.0420 support

Targets (TP):

TP1: 0.0465

TP2: 0.0485

TP3: 0.0520

Stop Loss (SL): Below 0.0405 support

Market Outlook:

Bias remains bullish as long as price holds above the 0.040–0.042 zone. A confirmed breakout could accelerate upside momentum, while failure at resistance may result in consolidation before continuation.

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